Importance of foreign direct investment

Trade growth in Chinese exports was initially driven by demand for pandemic-related products such as face masks and computing equipment for remote working, but the recovery has since broadened out, with other shipments now up year on year as well, according to Chris Leung, chief China economist of Singapore-based DBS Bank. … [Read more...] about Economic Watch: Zooming into China’s economy in 2020 beneath headline growth

"Through the activities of this group, we aim to create the perception of being a direct partner, not a sectoral dialogue partner, for the ASEAN countries and increase the effectiveness of the Turkish business world in the region," Olpak said on Tuesday in an online meeting with journalists. … [Read more...] about Turkey seeks to enhance ties with ASEAN amid COVID-19 economic woes

New Delhi: The Digital Communications Commission, highest decision-making body of the Department of Telecommunications (DoT), has approved the nearly Rs 12,200 crore Production Linked Incentive (PLI) scheme guidelines for equipment manufacturing. The DoT will seek a final approval from the Union cabinet in the coming weeks, followed by invitation of applications from companies, which could start from January 2021, said people aware of the matter.The cabinet recently approved the broader PLI scheme worth Rs 12,200 crore to boost local manufacturing of telecom gear for both the domestic market and exports. The scheme will cover core transmission equipment, 4G/5G and next-generation radio access network and wireless equipment, access and customer premise equipment (CPE), Internet of Things (IoT) access devices and enterprise equipment such as switches and router, said people directly involved in framing the policy.Additionally, the policy will drive Intellectual Property (IP) and … [Read more...] about PLI scheme for telecom manufacturing gets DCC nod; govt may invite applications from Jan

"I have asked all parties for their suggestions to bring contentment and security to our farmers. I want to assure our farmers that this Government will never be found wanting in doing whatever is needed for their welfare," he said. … [Read more...] about I’m all ears for suggestions that would benefit gaon, garib, kisan: Modi